_completed consumer proposal 700450X THUMBNAIL (3)
Why Your Credit History Sucks After Completing a Consumer Proposal, and What You Can Do About It
A horrible credit score after finishing a consumer proposal isn't necessarily your fault. Many who've completed a consumer proposal are surprised to learn that numerous mistakes on their credit report ...
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Mortgage Stress Test
How To Bypass Canada’s Mortgage Stress Test When It Gives a False Negative
Canada's mortgage stress test was designed to help ensure Canadians don’t overstep their financial means. However, there are special cases where it makes sense to bypass this process, yet still ...
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Save 100k good hygiene
Good Credit Hygiene Saves Over $100K On Typical Mortgage
Many services are available to give Canadians free access to their credit scores, but the problem is they all provide different results. No industry standards exist to ensure credit score ...
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Recent Articles

Aftermath of COVID-19: Dramatic Shifts in Housing Supply, Demand and Costs
Aftermath of COVID-19: Dramatic Shifts in Housing Supply, Demand ...
Adjusting to a post COVID-19 world, many things will be different, some permanently. We analyze how Canadian housing markets, including supply, demand and costs have been altered by the pandemic ...
Read More
10 Things Feature Images
Top 10 Things Your Home Buying Budget Needs To Include (In Additi...
How Do You Ensure Your Homebuying Budget Covers Everything You'll Need For Closing Day? Buyers quickly learn it's much more than just coming with the down payment ...
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CMHC'S IMPACT 700450X THUMBNAIL (1)
How Will Borrowers Be Impacted By CMHC’s Tougher Canadian M...
With a shell-shocked COVID-19 Canadian economy as backdrop, CMHC moved to tighten lending standards for insured mortgages. New rules for CMHC-insured mortgages are intended to reduce the risk of increasing ...
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_buy a home completed consumer proposal 700450X THUMBNAIL
How Long Do You Have to Wait After Completing a Consumer Proposal...
After a consumer proposal has been fully paid, many think about buying a home. If already homeowners, they may be concerned about their upcoming mortgage renewal, or wonder whether a ...
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COVID-19

improve credit in canada fast
How to Fix or Rebuild Credit Fast in Canada
Situations often arise where a new mortgage application, or car loan/lease, is impacted by a credit score that's lower than ...
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Financial Wellbeing
COVID-19 Impact on Canadians’ Financial Well-Being
Running commentary and news updates on COVID-19's impact on banking, real estate, mortgages, government relief programs, personal credit, and other ...
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EI/CERB Updates
COVID-19 EI Benefits and CERB Updates — Q & A from Soc...
Stay at home orders have forced many Canadians to be temporarily out of work and collecting government benefits for the ...
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Renew Mortgage
COVID-19 Q & A: Is It Possible to Renew a Mortgage While In ...
A reader asks whether COVID-19 has affected her ability to renew a mortgage while still in a consumer proposal, and ...
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Financial Q&A
COVID-19 Financial Questions and Answers
A running thread of reader questions and our answers and research about the impact of COVID-19 on your finances ...
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Aftermath of COVID-19: Dramatic Shifts in Housing Supply, Demand and Costs
Aftermath of COVID-19: Dramatic Shifts in Housing Supply, Demand ...
Adjusting to a post COVID-19 world, many things will be different, some permanently. We analyze how Canadian housing markets, including ...
Read More

mortgages 101 700450X THUMBNAIL
Mortgages 101 — What You Need to Know Before Applying For a...
Most first-time buyers lack sufficient funds to purchase their home outright and require loan financing (a mortgage) to make it ...
Read More
Mortgage Stress Test
How To Bypass Canada’s Mortgage Stress Test When It Gives a...
Canada's mortgage stress test was designed to help ensure Canadians don’t overstep their financial means. However, there are special cases ...
Read More
mortgage pre approval 700450X THUMBNAIL (2)
Mortgage Pre-Approval in Canada: What It Is & How to Get it
Mortgage pre-approval is used by lenders to “vet” borrowers and estimate spending ability for a home purchase. Seven factors determine ...
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first time 700450X THUMBNAIL
First Time Home Buyers Ontario: Everything You Need to Buy Your F...
In this primer for first time homebuyers, we examine how you know you're ready to take the leap, 7 steps ...
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review credit history 700450X THUMBNAIL
You Must Review Your Credit History Before a Mortgage
Discovery of errors on a credit report at the last minute could have cost homebuyers the home they wanted if ...
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All Articles

Aftermath of COVID-19: Dramatic Shifts in Housing Supply, Demand and Costs
Aftermath of COVID-19: Dramatic Shifts in Housing Supply, Demand ...
Adjusting to a post COVID-19 world, many things will be different, some permanently. We analyze how Canadian housing markets, including supply, demand and costs ...
Read More
10 Things Feature Images
Top 10 Things Your Home Buying Budget Needs To Include (In Additi...
How Do You Ensure Your Homebuying Budget Covers Everything You'll Need For Closing Day? Buyers quickly learn it's much more than just coming with ...
Read More
CMHC'S IMPACT 700450X THUMBNAIL (1)
How Will Borrowers Be Impacted By CMHC’s Tougher Canadian M...
With a shell-shocked COVID-19 Canadian economy as backdrop, CMHC moved to tighten lending standards for insured mortgages. New rules for CMHC-insured mortgages are intended ...
Read More
mortgages 101 700450X THUMBNAIL
Mortgages 101 — What You Need to Know Before Applying For a...
Most first-time buyers lack sufficient funds to purchase their home outright and require loan financing (a mortgage) to make it work. In this article, ...
Read More
Mortgage Stress Test
How To Bypass Canada’s Mortgage Stress Test When It Gives a...
Canada's mortgage stress test was designed to help ensure Canadians don’t overstep their financial means. However, there are special cases where it makes sense ...
Read More
Is Mortgage Pre-Approval Worth It
Is Mortgage Pre-Approval Worth It
Whether shopping for a new home, have a mortgage renewal coming up, want to refinance or just want to know how much you're able ...
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mortgage pre approval 700450X THUMBNAIL (2)
Mortgage Pre-Approval in Canada: What It Is & How to Get it
Mortgage pre-approval is used by lenders to “vet” borrowers and estimate spending ability for a home purchase. Seven factors determine the amount, both for ...
Read More
first time 700450X THUMBNAIL
First Time Home Buyers Ontario: Everything You Need to Buy Your F...
In this primer for first time homebuyers, we examine how you know you're ready to take the leap, 7 steps to become a homeowner, ...
Read More
What You Need to Know About Mortgage Co-signing
What You Need to Know About Mortgage Co-signing
Thanks to tighter mortgage qualification rules and higher-priced real estate—particularly in the greater Vancouver and Toronto areas—it’s not always easy to qualify for a ...
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How To Pay Your Property Taxes
How To Pay Your Property Taxes
Property tax bills come in three separate chunks throughout the year. But what is the best–easiest, smartest, fastest way to pay your property taxes? ...
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ASKROSS Answers: As a First Time Home Buyer, How Do I Use My RRSP For Part Of My Down Payment?
ASKROSS Answers: As a First Time Home Buyer, How Do I Use My RRSP...
A first time buyer with questions about tapping into their RRSP when buying their first home comes up quite often. It’s quite easy actually ...
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ASKROSS Decodes Mortgage Lingo: Loan to Value and Hi-Ratio
ASKROSS Decodes Mortgage Lingo: Loan to Value and Hi-Ratio
Here we explain what “loan to value ratio” means, and also the all important “hi ratio mortgage”. This is when your down payment is ...
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Rising Interest Rates And How They Impact Your Mortgage
Rising Interest Rates And How They Impact Your Mortgage
Here we explain the importance of protecting against rising interest rates as you approach your mortgage renewal date or while you are out shopping ...
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First Time Home Buyer Government Incentives
First Time Home Buyer Government Incentives
Buying a home is not for the faint hearted, and there can be lots of surprise costs. Every savvy college student knows there are ...
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ASKROSS: Toronto Homebuyers' Questions And Answers
ASKROSS: Toronto Homebuyers’ Questions And Answers
Here are a couple of questions from the AskRoss mailbag. One reader asks with prices so high in the Greater Toronto Area, which nearby ...
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The Difference Between Down Payment And Deposit
The Difference Between Down Payment And Deposit
First-time buyers can sometimes get confused by the terminology. For example, they understand you have to make a deposit when your Offer to Purchase ...
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35 Year AM May Reduce Mortgage Payment By Ten Percent
35 Year AM May Reduce Mortgage Payment By Ten Percent
35 year amortizations used to be a hot topic in the Canadian mortgage industry. There are still a couple of lenders offering them, but ...
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No credit history 700450X THUMBNAIL
No credit history qualified for a mortgage
This is a cautionary story about the importance of having your own unique personal credit facilities, and not to simply carry supplemental cards in ...
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review credit history 700450X THUMBNAIL
You Must Review Your Credit History Before a Mortgage
Discovery of errors on a credit report at the last minute could have cost homebuyers the home they wanted if sellers didn't generously extend ...
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Interest Adjustment Date Explanation 700x450X THUMBNAIL
Interest Adjustment Date Explanation
When you close your purchase mid-month, you might have to prepay a few days’ interest on your closing date— it’s called the interest adjustment, ...
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